News for 'basin'

WC: Australia survive Bangladesh scare, finish on top

WC: Australia survive Bangladesh scare, finish on top

Rediff.com25 Mar 2022

Meg Lanning's 30th birthday did not come with a present from her opponents as she was clean-bowled for a duck by a peach of a delivery from Salma, only the fourth time the Australian captain has failed to trouble the scorers in 98 ODIs.

KG basin gas prices: Mukesh meets govt officials

KG basin gas prices: Mukesh meets govt officials

Rediff.com24 Jul 2007

With pricing of natural gas from the KG-D6 block stuck, Mukesh Ambani made the second trip to New Delhi this month to meet top officials.

Oil Min tells ONGC to give 60% stake in Mumbai High, Bassein fields to foreign cos

Oil Min tells ONGC to give 60% stake in Mumbai High, Bassein fields to foreign cos

Rediff.com1 Nov 2021

The petroleum ministry has told ONGC to give away 60%stake plus operating control in India's largest oil and gas producing fields of Mumbai High and Bassein to foreign companies, according to an October 28 letter to the state-owned company. Amar Nath, additional secretary (exploration) in the Ministry of Petroleum and Natural Gas, wrote a 3-page letter to ONGC chairman and managing director Subhash Kumar, saying productivity of the Mumbai High and Bassein & Satellite (B&S) offshore assets under state-owned firm was low and international partners should be invited and given 60 per cent participating interest (PI) and operatorship. This is the second time since April that Nath, who is part of the ONGC management as the longest-serving government nominee director on its board and often considered a potential candidate to replace Kumar next year, has written an official letter, painting a poor picture of the company's performance.

Modi govt gave away K-G basin stake for free?

Modi govt gave away K-G basin stake for free?

Rediff.com1 Dec 2012

An investigation carried out by Tehelka, the Narendra Modi regime gave away a 10 per cent participating stake in an expansive gas field it had won in a bidding process to a company named GeoGlobal Resources that existed only on paper and was controlled by a Guatemala citizen named Jean Paul Roy. The company, incorporated in Barbados, had a capital of just $64.

Reliance/Shell dispute: Govt loses $111 mn arbitration case

Reliance/Shell dispute: Govt loses $111 mn arbitration case

Rediff.com12 Jun 2022

The government has lost its appeal in the English High Court against a $111 million arbitration award in favour of Reliance Industries Ltd and Shell in a cost recovery dispute in the western offshore Panna-Mukta and Tapti oil and gas fields. High Court judge Ross Cranston on June 9, 2022 ruled that the government should have brought its objections over the arbitration tribunal not meeting the required thresholds, when issuing the 2021 award earlier, two sources with knowledge of the matter said. Rejecting the government's arguments, the court said the objections are barred by an English law principle whereby a party cannot raise matters in new proceedings that could have been raised in earlier proceedings.

Why FDI in oil & gas is in a mess

Why FDI in oil & gas is in a mess

Rediff.com13 Oct 2020

The retrospective tax controversy was highlighted by Vodafone, but Cairn Plc's continuing problems point to the impact this law has had on FDI in India's oil and gas sector.

India's openers may be inexperienced but they are classy: Southee

India's openers may be inexperienced but they are classy: Southee

Rediff.com19 Feb 2020

India are missing a couple of guys due to the injury but there are plenty guys who are talented and capable, Tim Southee said.

Gas price increase positive for ONGC, Reliance: Fitch

Gas price increase positive for ONGC, Reliance: Fitch

Rediff.com5 Oct 2021

The 62 per cent increase in natural gas prices by the Indian government will boost the profitability of upstream companies in the country and support their investment spending, Fitch Ratings said on Tuesday. The price for gas from fields that were assigned by the state to oil companies, mainly Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL), increased to $2.90 per million British thermal units (mmBtu) for October 2021-March 2022, from $1.79 per mmBtu in the previous six months. "Higher gas prices will increase the input cost for key end-consumer sectors, to the extent the price hike is passed on," Fitch said.

Parl panel recommends renegotiating Indus Water Treaty

Parl panel recommends renegotiating Indus Water Treaty

Rediff.com6 Aug 2021

The Standing Committee on Water Resources has recommended renegotiating the Indus Water Treaty with Pakistan to address the impact of climate change on water availability in the river basin and other challenges which are not covered under the agreement.

New Zealand's Devine sets a unique record

New Zealand's Devine sets a unique record

Rediff.com10 Feb 2020

Sophie Devine becomes first cricketer to register 5 consecutive fifty plus score in T20I

2nd Test, NZ v s Bangladesh: Day 1 washed out

2nd Test, NZ v s Bangladesh: Day 1 washed out

Rediff.com8 Mar 2019

After two months of mainly settled weather in New Zealand's capital, heavy rain began falling early on Friday and ending any hopes of the game beginning on time at 11 a.m. (2200 GMT).

Surging prices threaten to spoil India's coming-of-age gas party

Surging prices threaten to spoil India's coming-of-age gas party

Rediff.com17 Dec 2021

Around 15 years ago, when Reliance Industries (RIL) struck natural gas in the Krishna-Godavari (KG) basin off the east coast, the government made plans to supply that fuel cheaply to scores of generators that sprang up in India triggered by the discovery. Most of the plants, which account for 6 per cent of India's total generation capacity, operate sparsely after the KG-D6 area first failed to meet production targets, and then finally shut shop. Affordable domestic gas was why those thermal plants came up and the rate of the fuel today is why those generators hardly operate. Record liquefied natural gas (LNG) rates may yet again unravel India's ambitions to expand use of gas in industries, households and vehicles. Rates, while volatile, may stay strong this decade as developed nations with higher purchasing power embrace gas as the transition fuel.

RNRL may get natural gas from RIL's KG-basin

RNRL may get natural gas from RIL's KG-basin

Rediff.com23 Jan 2009

Anil Ambani group firm Reliance Natural Resources on Friday posted a marginal increase in its net profit for the third quarter and said it hopes to get gas from Reliance Industries' KG-D6 fields once the group's Dadri power plant begins operations.

Women's WC: Imperious Lanning leads Australia past SA

Women's WC: Imperious Lanning leads Australia past SA

Rediff.com22 Mar 2022

Meg Lanning's 135 not out led her Australia side to a thumping five-wicket win over South Africa, continuing their unbeaten run at the ICC Women's ODI World Cup 2022 at Basin Reserve in Wellington on Tuesday.

Bumrah can trouble New Zealand: Taylor

Bumrah can trouble New Zealand: Taylor

Rediff.com19 Feb 2020

India's bowling attack will be lead by Bumrah and will be supported by Umesh Yadav, Mohammed Shami, Navdeep Saini, and Sharma.

COVID-19 delays India's second aircraft carrier

COVID-19 delays India's second aircraft carrier

Rediff.com29 May 2020

For about three more years, the Indian Navy will have to make do with its lone carrier -- the Russia-built INS Vikramaditya.

Here's what Kiwi bowlers must do during 2nd Test

Here's what Kiwi bowlers must do during 2nd Test

Rediff.com25 Feb 2020

New Zealand coach Gary Stead expected India would be more competitive in the second match in Christchurch.

Govt to enforce rights to K-G basin pact

Govt to enforce rights to K-G basin pact

Rediff.com19 Feb 2007

The govt is mulling the need to exercise its rights under the gas production-sharing contracts.

No plans to spin-off KG basin field: RIL

No plans to spin-off KG basin field: RIL

Rediff.com22 Jan 2007

Reliance Industries on Monday said it has no plans to spin off its Krishna Godavari gas field into a separate company and rope in a strategic partner.

Mahadayi: Karnataka gets 13.4TMC water; Goa, Maha 24TMC, 1.33TMC each

Mahadayi: Karnataka gets 13.4TMC water; Goa, Maha 24TMC, 1.33TMC each

Rediff.com14 Aug 2018

The Tribunal said the equitable distribution of Mahadayi waters among three states is 'neither necessary nor feasible' at this stage.

DGH for disallowing RIL's $1.2-bn investment in KG basin

DGH for disallowing RIL's $1.2-bn investment in KG basin

Rediff.com13 Dec 2011

Upstream regulator DGH has suggested that the $1.235-billion investment of Reliance Industries should be disallowed over the Mukesh Ambani-run firm's failure to adhere to prestated drilling and gas production targets, but the oil ministry is yet to agree on the numbers.

AWESOME Images Of The Heavens!

AWESOME Images Of The Heavens!

Rediff.com27 Jul 2022

The Royal Observatory Greenwich has announced the shortlisted images of the 2022 Astronomy Photographer of the Year!

India battling climate change and it is getting worse, warn experts

India battling climate change and it is getting worse, warn experts

Rediff.com16 May 2022

The experts said that climate change is not only raising temperatures and making India's heatwaves hotter, but also changing weather patterns that further drive dangerous weather extremes.

'Bumrah will have massive impact on NZ Test series'

'Bumrah will have massive impact on NZ Test series'

Rediff.com18 Feb 2020

Former New Zealand fast bowler Shane bond reckons all teams will now identify Jasprit Bumrah, who went wicket-less in the just-concluded T20I series, 'as a risk and attack others'.

NZ drop Taylor for Pakistan T20 series

NZ drop Taylor for Pakistan T20 series

Rediff.com12 Dec 2020

Veteran New Zealand batsman Ross Taylor has been dropped for the Twenty20 series against Pakistan, while Kane Williamson and Trent Boult have been recalled after they were rested for last month's series against West Indies.

Losses hurt but we learn from them: Shastri

Losses hurt but we learn from them: Shastri

Rediff.com28 Feb 2020

The sour taste of a 10-wicket loss to New Zealand in the first Test was a good lesson for India's cricketers and there is no doubt they will be far more competitive in the second in Christchurch, coach Ravi Shastri said.

Why Kohli is 'not bothered by another loss...'

Why Kohli is 'not bothered by another loss...'

Rediff.com24 Feb 2020

India's captain Virat Kohli, speaking after the 10-wicket defeat in the first Test, says he is not too concerned with his batsmen, as technically they were all sound and able to deal with New Zealand's attack.

PHOTOS: New Zealand take lead but India strike back late

PHOTOS: New Zealand take lead but India strike back late

Rediff.com22 Feb 2020

Captain Kane Williamson and Ross Taylor combined to put New Zealand in a strong position in the first Test before India struck back late on Saturday to remove both just as their partnership threatened to take the match away from the tourists. Images from Day 2 of the first Test between New Zealand and India in Wellington on Saturday.

Covid generated 8 million tonnes of plastic waste: Study

Covid generated 8 million tonnes of plastic waste: Study

Rediff.com10 Nov 2021

The research, published in the journal Proceedings of the National Academy of Sciences, found that a significant portion of this ocean plastic debris is expected to make its way onto either beaches or the seabed within three to four years.

RIL's midas touch is missing in overseas oil & gas assets

RIL's midas touch is missing in overseas oil & gas assets

Rediff.com16 Oct 2017

The company had assets in countries like Yemen, Peru, Oman, Myanmar, Columbia, East Timor, Kurdistan and Australia, but it exited almost all these blocks later as part of its portfolio rationalisation

Made in India Vikrant carrier begins sea trial

Made in India Vikrant carrier begins sea trial

Rediff.com4 Aug 2021

The Indian Navy described it as a "proud and historic" day for the nation and said India has joined a select group of countries having niche capability to indigenously design, build and integrate a state-of-the-art aircraft carrier.

'It will be nice to tick off a series win against Australia'

'It will be nice to tick off a series win against Australia'

Rediff.com11 Feb 2016

As much as Brendon McCullum looks back fondly on a stellar career, more than anything he wants to sign off with a series win over Australia starting with the first Test in Wellington on Friday.

Why Pant's run-out was huge for New Zealand

Why Pant's run-out was huge for New Zealand

Rediff.com22 Feb 2020

New Zealand pacer Tim Southee believes that Rishabh Pant's freak run-out went a long way in changing the course of the Indian innings that eventually folded up for 165 in the first Test, in Wellington, on Saturday.

Why US, Russia Want India On Its Side

Why US, Russia Want India On Its Side

Rediff.com7 Mar 2022

'India enjoys the maneuverability of a coming big power.' 'It is this possibility that has persuaded Moscow to humour India and stayed Washington from getting punitive about India's neutrality on the Ukraine issue.'

Southee's prophecy comes true as SL struggle on Day 1

Southee's prophecy comes true as SL struggle on Day 1

Rediff.com15 Dec 2018

Tim Southee's prophecy before the start of the first Test against Sri Lanka came true on the opening day of the match as he took his eighth five-wicket haul at the Basin Reserve on Saturday.

Result still possible despite rain delays: McMillan

Result still possible despite rain delays: McMillan

Rediff.com9 Mar 2019

The forecast for Sunday does not look any better with further showers expected throughout the third day, with fine weather not due until Monday afternoon.

India's only live volcano is active again

India's only live volcano is active again

Rediff.com17 Feb 2017

India's only live volcano in the Andaman and Nicobar Islands which had started showing activity in the year 1991 after being dormant for over 150 years has once again started spewing ash, researchers at Goa-based National Institute of Oceanography said on Friday.

Govt wants ONGC to identify areas for the pvt sector

Govt wants ONGC to identify areas for the pvt sector

Rediff.com11 Nov 2021

The government is pushing the public sector behemoth ONGC to involve private sector companies and service providers wherever possible to help raise oil and gas production, Petroleum Secretary Tarun Kapoor said Thursday. Kapoor's comments came days after the second-highest ranked official in his ministry asked Oil and Natural Gas Corporation (ONGC) to give away a 60 per cent stake plus operating control in India's largest oil and gas producing fields of Mumbai High and Bassein to foreign companies. "ONGC has to explore more so that it can discover more oil and gas reserves and bring them quickly to production to raise domestic output. The government is very clear that ONGC has to do more," he told reporters.

Anil Agarwal's firm wins bid for Videocon

Anil Agarwal's firm wins bid for Videocon

Rediff.com8 Jun 2021

Bankruptcy court NCLT on Tuesday allowed billionaire Anil Agarwal's Twin Star Technologies to take over Videocon Industries Ltd for about Rs 3,000 crore. Twin Star, a part of Vedanta Group, will pay around Rs 500 crore within 90 days as upfront payment and the rest as non-convertible debentures over a period of time. A two-member Mumbai bench of the NCLT comprising members - H P Chaturvedi and Ravikumar Duraisamy - approved the resolution plan by Twin-Star Technologies.

From one bubble to another: A tough year for cricketers

From one bubble to another: A tough year for cricketers

Rediff.com14 Dec 2020

Jason Holder is unsure when he will set foot in Barbados again as he bounces from one biosecure bubble to another, but after the COVID-19 pandemic took a huge bite out of his pay packet the West Indies skipper wants to grab every opportunity that comes his way.